Selling an Orlando Business for the highest price possible is a function of several factors. Orlando Business Broker Michael Shea will take you to step by step through several components impacting value and getting your best price possible.
1. Books and Records: Having clean financial records is absolutely the most important factor when selling an Orlando Business. Most first time buyers rely on outside professionals for advice and they do not go on showings or visit the business or get the full dialogue with an owner so they only rely on paperwork. Meaning the financial books and records of the business to form an opinion. Failing to maintain good records and playing games with your financial reporting impacts your value and the ability of buyers to secure financing limiting your competition for the deal.
2. How much you sell your business for is a function of competition, the market, lending, demand, and often the talent of the broker to get the listing “sizzling”. Meaning exposed. One thing the seller fails to understand is that business brokers often do not market to other brokers…to get the most bids. Net impacting your time on market and competitive position. So when selling your Orlando or Kissimmee Business make sure to gage the co-brokerage percentage of the broker.
3. Marketing – Getting your business to market. Truly to market to as many buyers and BROKERS as possible. It is incredibly important to get the confidential listing out through the network and into the marketplace. You as a seller need to measure the brokers sphere of influence and contacts as that is the network that will move the sales awareness out. The confidentiality will be kept but you need to judge the ability of the broker to use modern tools and platforms to sell.
4. Selling Your Orlando Business Requires Full Marketing: Slapping your business on a listing site is not enough. Podcasts, Youtube Channels, and Savvy marketing is necessary to attract the best buyers for your business in Orlando.
Michael Shea is Orlando Floridas Best Business Broker with more sales than any other brokerage. Transworld Business Advisors is the largest business brokerage in the world with over 260 office worldwide. Contact Michael Shea at 321-287-0349 or email him at firstname.lastname@example.org .